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Statement of Cash Flows Please help. David Company uses the indirect method to prepare the statement of Cash Flows. Net Income $ 7,897 Sales of
Statement of Cash Flows
Please help.
David Company uses the indirect method to prepare the statement of Cash Flows.
Net Income | $ 7,897 | Sales of Machinery | $36,855 |
Depreciation Expense | $1,580 | Purchase of Equipment | $24,300 |
Accounts Receivable - Beginning | $10,881 | Note Payable - Beginning | $9,828 |
Accounts Receivable - Ending | $8,950 | Note Payable - Ending | $11,500 |
Accounts Payable - Beginning | $5,625 | David - Drawing | $5,200 |
Accounts Payable - Ending | $ 6,480 | Cash - Beginning Balance | $65,600 |
Please use the information provided above to prepare a statement of cash flows for the month ended December 31, 2021
Thank you
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